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WL Ross buys major stake in gas tanker company

The private equity firm agreed to purchase 4.4 million common shares of Navigator Holdings Ltd. from the bankrupt Lehman Brothers Inc. (LBI) for $110 million, more than doubling its holdings in the gas tanker company.

Chris Dupin

Chris Dupin has written about trade and transportation and other business subjects for a variety of publications before joining American Shipper and Freightwaves.